TG Therapeutics Reports Strong Revenue, Shares Surge Despite Market Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
0mins
Should l Buy ADNT?
Source: SeekingAlpha
TG Therapeutics shares surged 11.6% to $31.10 following the announcement of a preliminary total global revenue of approximately $616 million for FY 2025, with Q4 U.S. net product revenue for BRIUMVI at about $182 million.
The strong financial performance, despite a broader market decline with the Nasdaq Composite falling over 200 points, showcases TG Therapeutics' competitiveness in the biopharmaceutical sector. The preliminary results suggest that the company is poised for continued growth, particularly in the marketing of its BRIUMVI product, which could further enhance its market share.
This optimistic outlook is expected to boost shareholder confidence and attract more capital inflow, positioning TG Therapeutics favorably in a challenging market environment.
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Analyst Views on ADNT
Wall Street analysts forecast ADNT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADNT is 23.06 USD with a low forecast of 20.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
2 Buy
5 Hold
1 Sell
Hold
Current: 25.210
Low
20.00
Averages
23.06
High
28.00
Current: 25.210
Low
20.00
Averages
23.06
High
28.00
About ADNT
Adient PLC is an automotive seating supplier company. The Company’s automotive seating solutions include complete seating systems, frames, mechanisms, foam, head restraints, armrests and trim covers. The Company designs, manufactures and markets a full range of seating systems and components for passenger cars, commercial vehicles and light trucks, including vans, pick-up trucks and sport/crossover utility vehicles. The Company manages its business on a geographic basis and operates in three reportable segments: Americas, which is inclusive of North America and South America; Europe, Middle East, and Africa (EMEA), and Asia Pacific/China (Asia). The Company operates approximately 200 wholly- and majority-owned manufacturing or assembly facilities, with operations in approximately 29 countries. The Company provides production and service parts to its customers under multi-year programs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Global Operational Scale: With over 65,000 employees across 29 countries and approximately 200 manufacturing and assembly plants, Adient demonstrates strong global production capacity and market coverage, aiding in meeting the demands of major OEMs.
- Forward-Looking Statement Risks: Adient highlighted several forward-looking statements in its report, emphasizing multiple risks related to the economy, market competition, and supply chains, cautioning investors to carefully assess the uncertainties surrounding future performance.
See More
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- Estimate Revisions: In the last three months, there have been no upward revisions to EPS estimates, with four downward adjustments, while revenue estimates also saw no upward revisions and three downward adjustments, reflecting a cautious market outlook on the company's future performance.
- Competitive Landscape: Despite Adient's joint venture and $1.2 billion wins in China showcasing its restructuring and automation efforts, market analysts suggest that cheaper alternatives may emerge by 2026, posing potential challenges to the company's growth trajectory.
See More
